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Digital Garage and Resona Holdings Form Capital and Business Alliance
Reinforce and Expand the Payment Business and Promote the Next-generation Fintech Business
Digital Garage, Inc. (TSE Prime section: 4819; HQ: Tokyo; Representative Director, President Executive Officer and Group CEO: Kaoru Hayashi; DG) today formed a capital and business alliance agreement with Resona Holdings, Inc. (TSE Prime section: 8308; HQ: Tokyo; Director, President and Representative Executive Ｏfficer: Masahiro Minami; Resona Group) to reinforce and expand its payment business and promote the next-generation Fintech business. Resona Group plans to acquire approximately 2% of DG’s issued stock shares in line with the alliance.
DG Group and Resona Group have provided payment solutions to corporate customers over the years. Through this alliance, both companies will combine DG Group’s startup ecosystem, including one of the largest payment platforms and Fintech in Japan, and Resona Group’s customer relationships and expertise in credit, to reinforce and expand the payment business and promote next-generation Fintech business, in order to help create a convenient, safe, and secure cashless society.
Outline of the business alliance
●Providing quick contactless payment services
The DG Group’s payment services, which are becoming important as the contactless payment market expands and offer various payment methods and a highly secure operating environment and management system, will be provided through a joint sales system with full support.
●Aiming to provide high added-value services utilizing new technologies and data to create new business areas
Both companies will cooperate in providing new added-value financial and payment services that utilize innovative technology through the DG Group’s startup ecosystem and the data. Moreover, by developing solutions to meet customers’ diversifying payment and business efficiency needs, the companies aim to create a new Fintech business area.
Top messages from DG and Resona Group
Representative Director, President Executive Officer and Group CEO Kaoru Hayashi
Digital Garage advocates the “DG Fintech Shift,” which integrates payments and data as the Group strategy and accelerates initiatives with various strategic partners. Implementing Digital Transformation for SMBs (small and medium-sized businesses), which account for more than 90% of the domestic market, has become urgent issue. By partnering with the Resona Group, which has strong customer relationships in SMBs, we will create new value in the next-generation marketing/Digital Transformation and Fintech business in Japan and contribute to the creation of the next-generation Japanese business models.
Director, President and Representative Executive Ｏfficer Masahiro Minami
The Resona Group aims to provide new value by focusing on customer problems and social issues as the first step in our business. Taking the opportunity of this capital and business alliance, we will combine our strengths in infrastructure and networks to reinforce and expand business in the growing payment area and focus to realize “next-generation retail services” that are not restricted by conventional banking norms and frameworks.
As a company creating “context,” the DG Group has evolved along with the Digital Transformation of society and has developed various services in line with the evolution of technology. In the payment area, providing a secure payment infrastructure for both in-store and contactless transactions, and has grown into a company designated by the government as an important infrastructure, currently handling an annual processing volume of around 4.4 trillion yen and about 700 million payment transactions per year.
DG Group will continue to contribute to creating a sustainable society, in line with our corporate purpose of “Designing ‘New Contexts’ for a sustainable society with technology.”